8 THE FREE PRESS JOURNAL MUMBAI | SATURDAY | MARCH 27, 2021

Head Office : ''KALYANM_ASTU'' Om Vijaykrishna Apartment, Opp. Reliance Communications, Adharwadi Road, Kalyan (W), Dist. Thane

POSSESSION NOTICE

Whereas the undersigned being the Authorised Officer of The Kalyan Janata Sahakari Bank Ltd.under the Securitisation and Reconstruction of Financial Assets and Enforcement of SecurityInterest Act 2002 and in exercise of powers conferred under Section 13(12) read with Rule 3 ofthe Security Interest (Enforcement) Rules, 2002 issued Demand Notice dated 13.09.2019 callingupon 1) the borrower M/S. Sai Mahadev Trading Company Prop. Mr. JogendersingAttusingh Ailsinghani having business at Shop No. G/3, Padmavati Complex, Ashele Road,Near Nagrani Mandir, Ulhasnagar-4, 2) Guarantor Mr. Dharmender LachmandasRamchandani residing at House No. 776/2365-A, Harishchandra Nagar, Opp. Gurunani Mandir,Ashele, Ulhasnagar-4 and 3) Guarantor Mr. Attusingh Balusingh Ailsinghani residing atRoom No. 01, Barrack No. 1654, Section-26, Ulhasnagar-4, to repay the amount mentioned inthe said Notice being Rs. 33,52,493.03 (Rupees Thirty Three Lakh Fifty Two Thousand FourHundred Ninety Three Paise Three Only) as on 31.08.2019 together with future interest at thecontractual rate on the aforesaid amount and incidental expenses, costs, charges etc. incurred/tobe incurred from 01.09.2019 onward until the date of payment, within 60 days from the receiptof the said Notice.

AND WHEREAS the borrower and others mentioned hereinabove having failed to repay theentire amount, all the parties mentioned hereinabove in particular and to the public in general, itis informed that the undersigned has taken possession of the property described herein belowin exercise of powers conferred on him under section 13(4) of the said Act read with the Rule 8of the said Rules on this 24.03.2021. The borrower and the others mentioned hereinabovein particular and the public in general are hereby cautioned not to deal with the propertyand any dealings with the property will be subject to the charge of The Kalyan JanataSahakari Bank Ltd., as per notice served on the borrower and guarantors as mentionedabove.

DESCRIPTION OF THE PROPERTY

Flat No. 204, 2nd Floor, area adm. 620 sq. ft. Carpet + Terrace of 50 sq. ft. Carpet, in thebuilding known as Odyssey (now known as Villa Royale Odyssey CHSL) in the complexReliance Residency, constructed on S. No. 58, Hissa No. 1A, Village Pale, Near ShivMandir, Ambarnath (East), Dist. Thane-421 501, owned by Mr. Attusingh BalusinghAilsinghani.

Place : Ambarnath (E) (Mr. V. V. Gaikwad)Date : 24.03.2021 Authorised Officer

Seal

District Deputy Registrar, Co-operative Societies, Mumbai City (3)Competent Authority

Under section 5A of the Maharashtra Ownership Flats Act, 1963,MHADA Building, Ground floor, Room No. 69, Bandra (E), Mumbai-400 051.

Public Notice in Form XIII of MOFA (Rule 11(9) (e)) Before the Competent Authority

Application No. 72 of 2021

Vibhuti Apartment Co-operative Housing Society Ltd.,

Plot No.369, Survey No.43, Hissa No.13(part),

Corresponding CTS No.156, off Village Juhu, Mumbai-400 049.

........ (Applicant)

Versus

1. Mr. Sunit Chandrakant Khatau

2. Smt. Panna Sunit Khatau

3. Ms. Aparna Sunit Khatau

4. Ms. Reena Sunit Khatau

Having address at

Khatau Bungalow, 6, Manav Mandir Road,

Mumbai-400 006.

5. Vibhuti Investments Co. Ltd.,

A company incorporated under the companies Act,1956,

Having their registered address at Leo House,

88-C, Old Prabhadevi Road,Worli, Mumbai-400 025.

.......... Promoters/ Defendant

PUBLIC NOTICE

1) Take the notice that the above application has been filed by the applicant under

section 11 under the Maharashtra Ownership Flats (Regulation of the Promotion

of Construction, Sale, Management and Transfer) Act, 1963 and under the

applicable Rules against the Opponents above mentioned.

2) The applicant has prayed for grant certificate of Entitlement of Unilateral

Conveyance of all that pieces and parcels ofland bearing Survey No. 43, Hissa

No.13 (part),corresponding CTS No.156, and admeasuring 1241.80 sq. yards

equivalent to 1038.30 sq. meters or thereabouts of Village - Juhu, Taluka -Vile

Parle (Revenue Taluka Andheri) in the Registration District and Sub-District of

Mumbai City and Mumbai Suburban alongwith building in favour of the Applicant

Society.

3) The hearing in the above case has been fixed on 08/04/2021 at 3.00 p.m.

4) The Promoter/Opponent/sand their legal heirs ifany, or any person /authority

wishing to Submit any objection, should appear in person or through the

authorized representative on 08/04/2021 at 3.00 p.m. before the undersigned

together with any documents, he /she /they want/s to produce in support of his

fher objection/claim / demand against the above case and the applicant/sis /

are advised to be present at that time to collect the written, if any filed by the

interested parties.

5) If any person/s interested, fails to appear or file written reply as required by

this notice, the question at issue/ application will be decided in their absence

and such person/swill have no claim, object or demand whatsoever against the

property for which the conveyance/ declaration / order is granted orthe direction

for registration of the society is granted to the applicants or any order /certificate/

judgment is passed against such interested parties and the matter will be heard

and decided ex-parte.

By Order, sd/-for District Deputy Registrar,

Co-operative Societies, Mumbai City (3),Competent Authority u/s 5 A of the MOFA, 1963

DEBTS RECOVERY TRIBUNAL MUMBAI (DRT 3)

Summons under sub-section (4) of section 19 of the Act, read with sub-rule

(2A) of rule 5 of the Debt Recovery Tribunal (Procedure) Rules, 1993.BANK OF MAHARASHTRA V/s. M/S. D. S. ENTERPRISES SINGH

To,

2. MR. SANTOSH DATTARAM BHOGATE,

Apartment No. VS1/70/B-8, Sector 9, Vashi, Navi Mumbai,

Maharashtra-400 703.

Also At :- Apartment No. VS1/70/B-7, Sector 9, Vashi,

Navi Mumbai, Maharashtra-400 703.

3. MRS. ANURADHA SANTOSH BHOGATE

Apartment No. VS1/70/B-7, Sector 9, Vashi, Navi Mumbai,

Maharashtra-400 703.

Also At :- Apartment No. VS1/70/B-8, Sector 9, Vashi,

Navi Mumbai, Maharashtra-400 703.

SUMMONS

WHEREAS OA/179/2020 was listed before Hon'ble Presiding Officer on

18.01.2020.

WHEREAS this Hon'ble Tribunal is pleased to issue summons/ notice on

the said Application under section 19(4) of the Act, (OA) filed against you

for recovery of debts of Rs. 33548059.34/- (application along with copies of

documents etc. annexed).

In accordance with sub-section (4) of section 19 of the Act, you, the

defendants are directed as under:-

(i) To show cause within Thirty days of the service of summons as to why

relief prayed for should not be granted;

(ii) To disclose particulars of properties or assets other than properties and

assets specified by the applicant under serial number 3A of the original

application;

(iii) You are restrained from dealing with or disposing of secured assets or

such other assets and properties disclosed under Serial Number 3A of

the original application, pending hearing and disposal of the application

for attachment of properties;

(iv) You shall not transfer by way of sale, lease or otherwise, except in the

ordinary course of his business any of the assets over which security

interest is created and / or other assets and properties specified or

disclosed under Serial Number 3A of the original application without the

prior approval of the Tribunal;

(v) You shall be liable to account for the sale proceeds realised by sale of

secured assets or other assets and properties in the ordinary course of

business and deposit such sale proceeds in the account maintained with

the bank or financial istitutions holding security interest over such assets.

You are also directed to file the written statement with a copy thereof furnished

to the applicant and to appear before Registrar on 07.06.2021 at 10:30

a. m. falling which the application shall be heard and decided in your absence.

Given under my hand and the seal of this tribunal on this date 19.03.2021sd/-

Signature of the Officer Authorised to issue summons

Case No.: OA/179/2020

1st Floor, MTNL Telephone Exchange Building, Sector-30 A, Vashi, Navi Mumbai-400 703.

Exhibit No. 9

SEAL

FORM NO. 3 [See Regulation-15(1) (a)]

MUMBAI SOUTH ZONEBreach Candy Branch “Sky Scraper” - “A”, 4/697, Bhulabhai Desai

Road, Mumbai-400 026Tel. : 2367 8907 / 2368 8526 / 2367 1714 /15, Telefax : 2368 0768,

E-mail : BreachCandy.MumbaiSouth@bankofindia.co.inRegd. Post : AD

To,

Mr. Pravin Prakash Panchal

Mr. Satyavan Prakash Panchal

Address-1Room No. 6, “B” WardParsuram Nagar Ambekar MargNear Kingston Tower Kala ChowkiMumbai-400 033 (Maharashtra)

Address-2A/305, 3rd FloorShiv Ashirwad CHSL Tulinj RoadNallasopara (East), Dist-Palghar-401 209Maharashtra

Dear Sir,

NOTICE UNDER SEC.13 (2) OF THE SECURITISATON ANDRECONSTRUCTION OF FINANCIAL ASSETS ANDENFORCEMENT OF SECURITY INTEREST ACT 2002.

1. At the request made by you, the Bank has granted to you throughits Breach Candy Branch credit limit for an aggregate amount of Rs.10,00,000/- (Ten Lakh Only). We give here under details of creditfacility granted by us and the amount of outstanding duesthereunder as on the notice :

2. The aforesaid credit facility granted by the Bank are secured by thefollowing assets/securities(particulars of properties/assets) chargedto the Bank :Equitable mortgage of Flat No. A/305, 3rd Floor, Shiv AshirwadCHSL Tulinj Road, Nallasopara (East), Dist-Palghar-401 209Maharashtra belonging to the Borrowers Mr. Pravin PrakashPanchal & Mrs. Satyavan Prakash Panchal.

3. As you have defaulted in repayment of your dues to the Bank, wehave classified your account as Non-Performing Asset with effectfrom 31.10.2019 in accordance with the directions/guidelines issuedby the Reserve Bank of India. For the reasons stated above, wehereby give you notice under Section 13(2) of the above noted Actand call upon you to discharge in full your liabilities by paying to theBank, a sum of Rs. 9,26,089.50 + interest @ 8.25 % p.a. withmonthly rests from 29.10.2019 and all costs, charges and expensesincurred by the bank till repayment by you within a period of 60 daysfrom the date of this notice, failing which please note that we willentirely at your risks as to costs and consequences exercise thepowers vested with the Bank under Section 13 of the Securitisationand Reconstruction of Financial Assets and Enforcement ofSecurity Interest Act, 2002 against the secures assets mentionedabove.

4. While we call upon you to discharge your liability as above bypayment of the entire dues to the Bank together with applicableinterest , all costs , charges and expenses incurred by the Bank tillrepayment and redeem the secured assets, within the periodmentioned above, please take important note that as per section13(8) of the SARFAESI Act, the right of redemption of securedassets will be available to you only till the date of publication ofnotice for public auction or inviting quotations or tender from publicor private treaty for transfer by way of lease, assignment or sale ofthe secured assets.

5. The amount realized from exercising the power mentioned above,which firstly be applied in payment of all costs, charges andexpenses, which are incurred by us and/or any expenses incidentalthereto, and secondly applied in discharge of the Bank’s dues asmentioned above with contractual interest from the date of thisnotice till the date of actual realization and the residue of the money,if any, after the Bank’s dues (including under any of your other duesto the Bank whether as borrower or guarantor) are fully recovered,shall be paid to you.

6. If the said dues are not fully recovered with the proceeds realized inthe course of exercise of the said powers against the securedassets, we reserve our right to proceed against you before DebtsRecovery Tribunal/Courts for recovery of the balance amount duealong with all costs etc., incidental thereto from you.

7. Please take not that as per Sub section (13) of the aforesaid Act,after receipt if this notice, you are restrained from transferring orcreating any encumbrances on the aforesaid secured assetswhether by way of sale, lease license, gift, mortgage or otherwise.

8. The undersigned is a duly Authorised Officer of the Bank to issuethis notice and exercise powers under Section 13 aforesaid.

9. Needless to mention this notice is addressed to you withoutprejudice to any other remedy available to the Bank.

Yours faithfully,

CHIEF MANAGER &Date : 23.03.2021 AUTHORISED OFFICER

Sr. No.

Nature of facility &A/c number

Sanctionedlimit

Outstanding dues

1 Housing Loan(000775110000231)

10,00,000/- Rs. 9,26,089.50 + interest @8.25 % p.a. with monthlyrests from 29.10.2019.

PUBLIC NOTICE

Notice is hereby given that ourclients are negotiating with MR.

PRAVIN ARJUN PATEL residingat A-1201, Quantum Park, Khar(W), Mumbai-400 052 to purchaseand acquire the shares of THENEW MONISHA CO-OPERATIVEHOUSING SOCIETY LIMITED,and the Flat Number 6A standingin his name in the building'MONISHA' the property moreparticularly described in theschedule hereunder written.

Any person/persons having anyright, title, interest or claim into orupon or in respect of thescheduled shares and/or Flat orany part or portion thereof by wayof inheritance, transfer, sale, gift,lease, sub-lease, tenancy, subtenancy, occupancy, right, licence,lien, lispendens, charge,mortgage, trust, maintenance,easement, attachment orotherwise howsoever, are herebyrequired to make the same knownin writing to us at our office at 642,J.S.S. Road, Vazira Mansion,Ground Floor, Opp. Punjab AndSind Bank,. Dhobi Talao, Mumbai-400 002 together with certifiedtrue copies of the documents insupport of their claims within 14days from the date of thepublication hereof, failing which,any such claims shall beconsidered/deemed to have beenwaived and/or abandoned and thetransaction shall be proceededwith and completed withoutreference to any such rights,interests or claims and our clientswill proceed with the purchase ofthe rights of MR. PRAVIN ARJUN

PATEL in the Flat and the Shares.

THE SCHEDULE OF THE

PROPERTY REFERRED TO

ALL THAT 5 shares of Rs. 50/-each represented by ShareCertificate No. 027 dated 19thJuly, 1999 issued by THE NEWMONISHA CO-OPERATIVEHOUSING SOCIETY LIMITED(Regn. No. BOM/ HSG/ 28167 of1971) together with the exclusiveright to use, occupy and possessFlat No. 6 A admeasuring about610 sq.ft. (Built up Area) orthereabouts on the 6th floor in theBuilding 'MONISHA' situated onPlot No. 121, St. Andrews Road,Bandra (W), Mumbai-400 050 andstanding on all that piece andparcel of land or ground bearingCTS No. 130/131 of Bandra-HDivision within the registrationDistrict and Sub District ofMumbai Suburban.

For Rohit M. Udani & Co.Chartered Accountants

Sd/-

Rohit Udani

ProprietorMumbaiDated : 26th March, 2021

PUBLIC NOTICE

NOTICE is hereby given on behalfof my clients that I am investigatingthe title of MR. ULHAS VASANTJOSHI to the residential premisesbeing Flat No. 201-B wingadmeasuring 900 sq.fts. built-uparea on the 2nd floor of Aaditya Co-op. Hsg. Soc. Ltd. situated atSadanand Wadi, V. P. Road,Girgaon, Mumbai-400 004alongwith five fully paid up shares ofRs. 50/- each bearing distinctiveNos. 301 to 305 (both inclusive)under share certificate No. 061standing on land bearing C. S. No.520 & 521 of Girgaon Division.

All persons having any claim inrespect of the above referredpremises whether by way of sale,exchange, mortgage, charge, gift,trust, muniment, inheritance,possession, lease, lien or otherwisehowsoever are hereby requested tomake the same known in writing tothe undersigned hereof at 2ndFloor, Mantri Building, AboveGangar Eyenation, Opp. : GirgaonChurch, Girgaon, Mumbai-400 004within 15 days of this notice, failing,which, all such claim of suchperson/s, if any, will be deemed tohave waived and/or abandoned.

Dated this 27th day of March, 2021

Mukesh Jain

Advocate

TEJI MANDI

National Highway Authority ofIndia (NHAI) has played a

commendable role ininfrastructure building since its

inception in 1988. In recentyears, it has been operating at a

pace, never seen before.However, that has also given

birth to an unwanted problem.

Highway building activity inIndia has expanded at arapid pace ever since Nitin

Gadkari has taken charge as theMinister for Road Transport. Thepace of road construction wasabysmally slow at 2 km/day beforehe took over. In March 2021, ittouched a record 33 km a day. Theminister is hopeful for the numberto reach 40 km a day by March 31.At such staggering speed, NHAIconstructed 11,035 kilometers ofnational highways in FY21 (UptoMarch 1st of this year).

Achievement comes with a price:

The pace of highway constructionis fabulous considering the recordof previous governments.However, it has come at a price.The debt level at NHAI has beenconsistently rising in the past fewyears.As per the Parliamentary

Standing Committee's (PSC) report,NHAI's debt servicing liabilitystands at Rs 97,115 crore over thenext three financial years- Rs38,997 crore for FY22, Rs 28,800crore for FY23, and Rs 29,318crore for FY24.How to get out of this mess?

To sort out its debt woes, NHAI has been recommended to complete its delayed roadprojects on priority and prevent cost escalation. Thecommittee suggested exploringoptions of debt restructuring and monetization of its highway assets.Acting on the recommendations

of the committee, NHAI is preparingto monetize national highways. It isexpected to raise Rs 1 lakh croreover the next five years.Under the existing laws, NHAI is

authorized to monetize public-funded national highway projects

that are operational and collectingtoll for at least one year.Finding investors a challenge:

Under this program, NHAI is in theprocess of preparing an assetmonetization pipeline. At CII'srecently concluded event, theminister made a strong pitch for it,inviting industry players to comeforward to invest in it.However, finding investors is

going to be a huge challengeconsidering the stressed balancesheets of road constructioncompanies. Banks also continue toremain unwilling to finance them.And, private investors are left withlittle or no interest in this segmentconsidering the hardships theyhave experienced in the past.Why must NHAI reduce the debt?

Although road constructionactivities are happening at anexpress speed, NHAI still has along way to go. Under theBharatmala project, contracts for alength of 13,521 km highwayshave been awarded. And, projectsfor building 16,500 km are due tobe awarded at a later stage.NHAI must reduce its debt

burden to make sure that existingprojects do not get stalled due to financial constraints. It alsoneeds to keep the flow of newprojects intact.NHAI bonds continue to enjoy

AAA rating, and it has faced noproblems meeting its debtobligations thus far. However, it isimportant to reduce debtobligation to ensure timelypayments and a steady flow offunds even in the future.

Teji Mandi (TM Investment

Technologies Pvt. Ltd.) is a SEBI registered

investment advisor. No information in this

article should not be construed as

investment advice. Please visit

www.tejimandi.com to know more.

NHAI: Is asset monetizationan answer to its debt woes?